Hilton Worldwide Hldgs Inc Stock Price, News & Analysis

Hilton Worldwide Holdings Inc. (NYSE: HLT) reported its first quarter 2023 results, showcasing significant growth. Diluted EPS stood at $0.77 ($1.24 adjusted), with net income reaching $209 million and an Adjusted EBITDA of $641 million. RevPAR increased 30.0% year-over-year, with a notable 8.0% rise compared to 2019. The company approved the development of 24,900 new rooms, expanding its pipeline to 428,100 rooms. Hilton repurchased 3.2 million shares, totaling $487 million returned to shareholders. For 2023, RevPAR is projected to rise 8-11%, with net income forecasted between $1.331 billion and $1.385 billion. CEO Christopher J. Nassetta highlighted the momentum heading into 2023, raising guidance for Adjusted EBITDA to between $2.875 billion and $2.95 billion.

U.S. District Court Denies Dismissal for Diamond Resorts Case

On April 19, 2023, a significant ruling was made by U.S. District Judge Dale Fischer, allowing a lawsuit against Hilton's Diamond Resorts to proceed to trial, slated for January 23, 2024. The suit, initiated by Timeshare Compliance, impacts nearly 800 harmed timeshare owners, claiming deceptive sales practices related to contract inheritances. The judge found that Diamond Resorts failed to prove its allegations of tortious interference against Timeshare Compliance. Additionally, the court ruled that Diamond Resorts misled owners about the nature of their contracts, which can impose ongoing financial burdens on heirs. This ruling marks a pivotal victory for Timeshare Compliance and its advocates, potentially revealing an array of unethical marketing tactics employed by Diamond Resorts during the trial.

Hilton Worldwide Holdings Inc. (NYSE: HLT) will announce its first quarter 2023 financial results on April 26, 2023, before the market opens. A conference call featuring Hilton's CEO Christopher J. Nassetta and CFO Kevin Jacobs will follow at 10 a.m. EDT. Investors can access the live call through the Hilton Investor Relations website or by phone. With over 7,100 properties worldwide, Hilton is renowned for its hospitality and innovative technology enhancements aimed at improving guest experience. The company has also been recognized on the Dow Jones Sustainability Indices for six consecutive years.

The Evermore Orlando Resort and Conrad Orlando are now accepting reservations ahead of their anticipated grand opening in late 2023 and early 2024, respectively. Evermore features a unique concept blending luxury vacation rentals with hotel services, aiming to redefine luxury travel. The expansive 1,100-acre resort includes 1,500 bedrooms across various accommodations, including vacation rental homes and hotel rooms. Conrad Orlando offers sophisticated amenities, including 433 rooms and 40,000 square feet of meeting space. Both properties promise exceptional experiences for guests, with numerous recreational options and high-quality services.

LivAway Suites has welcomed Robert M. La Forgia to its ownership group and board, emphasizing growth potential in the extended stay hotel market. La Forgia, a veteran in hospitality with a 26-year history at Hilton Worldwide Holdings (NYSE: HLT), aims to leverage his expertise to enhance LivAway's platform. The brand, designed 'for developers, by developers,' currently has over 25 locations in pre-development across the U.S. Recently, LivAway arranged an $85 million construction debt facility, with groundbreaking for its first Nashville location set for March 2023.

Hilton Worldwide Holdings Inc. (NYSE: HLT) reported robust fourth quarter and full year 2022 results, with diluted EPS at $1.21 for Q4 and $4.53 for the year, surpassing guidance. Net income reached $333 million in Q4 and $1,257 million for the year, also exceeding expectations. Adjusted EBITDA for Q4 was $740 million, totaling $2,599 million for the year. System-wide comparable RevPAR rose by 24.8% for Q4 and 42.5% for the full year compared to 2021. Hilton approved 24,400 new rooms in Q4, increasing its development pipeline to 416,400 rooms. A new premium economy brand, Spark by Hilton, launched in January 2023.